Unpresidented VIX Spike Suggests A Positive Week Ahead

SPY Next Week

  • Bullish

    Votes: 34 57.6%
  • Flat

    Votes: 4 6.8%
  • Bearish

    Votes: 18 30.5%
  • I prefer not to say

    Votes: 3 5.1%

  • Total voters
    59
There it is again! Algos pumping on no volume!

Volume%205.12.jpg
 
If you didn't buy this morning's dip, you should have. In all likelihood, the algos will kick in shortly when volume drops off a cliff and we'll churn higher and close green like we do more than eighty percent of the time.

Hope you're in it.
 
Quote from ASusilovic:

Large short option seller strike 45 May. Markets will calm down in the next days.

Just to recall :

whoever the large seller was, made some serious $$$$$
 
Quote from Ivanovich:

Probably one of the banks that had a perfect trading quarter. Oh wait, they all did.

In other news, we're already green.

Ack! Run for the hills!
 
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